Property developer secures land for affordable housing development
Innes England has facilitated a sale between housing developer Modus Partnerships and Leicestershire County Council.
This transaction paves the way for the construction of 22 affordable houses on the brownfield site in Coalville, Leicestershire.
The site, measuring 0.825 acres on Highfield Street, was formerly used for office and industrial purposes. Following its demolition, the land has remained vacant.
The development will include one-, two-, and three-bedroom houses, however, a portion of the site has been retained by Leicestershire County Council for an internal social care development.
Joe Reilly, associate director and chartered surveyor at Innes England who handled the transaction said: “Not only does this deal make good use of a currently disused brownfield site, but it’s also utilising the land to provide much-needed affordable housing to the area.
“At Innes England, we pride ourselves on the premier quality service and offering we provide for not just our clients, but all organisations we interact with. This deal is demonstrable of this and I’m very pleased with the result for all parties”.
Councillor Lee Breckon, cabinet member for corporate resources, said: “We are really pleased to be making the best use of this brownfield land, which is ideal for regenerating into much-needed affordable homes and social care facilities.
“We know that communities across Leicestershire want more affordable housing and our work with Innes England, Modus Partnerships and North West Leicestershire District Council will bring high-quality new homes to Coalville.”